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(Updated 1-11-16) <br />POLICY STATEMENT <br />'CRITERIA AND GUIDELINES FOR TAX ABATEMENT <br />OT17 r, "0 =4' <br />1. 4" J <br />The replacement and upgrading of existing facilities, vv-Wch increases the productive input or <br />output, updates the fthnology, or substantially lowers the unit cost of operation. <br />Modernization may result from the construction, alteration or installation of builidings, <br />structures, fixed machinery or equipment, but shall not be for the purpose of reconditioning, <br />refurbishing, Mmiring, or deferred maintenance. — --------------- <br />Machinery, equipment, tools, shelving or materials eligible under applicable i" tax <br />which can be removed fiorn an authorized facil <br />The land within an Enterprise Zone or a Reinvestimt Zone, together with all improvements <br />and fixtures or otherwise situated thereon. <br />-constructed <br />Th Tax Abatement Advisory Committee will be convened from time to time by the Paris <br />Economic Development Corporation to study, review and recommend tax 8batementS to the <br />applicable Taxing Jurisdictions in the City of Paris and Lamar County, Tem. The Tax <br />Abatement Advisory Committee will be composed of one person 1111.e of the Taxing <br />Jurisdictions: the City of Pads (the City MaWer or designee), the County of Lamar (the <br />County Judge or designee), Paris Junior College (the President or designee), the Chief <br />MS <br />Appraism of the Lamar County Appraisal District, and the Exemitive Director of the P' <br />Economic Development Corporation. Reconmendations from the AAdvw'fy <br />Committee shall be decided by majority vote of die representatives fm flie three taxing <br />entities referenced above. <br />